Clause 23
Income of Academy to be exempt from tax, etc.
of Singapore Academy of Law Bill
BillNot in forceProvision 23 of 26
Clause 23
The Academy shall be deemed to be —
(a)
an institution specified in the First Schedule to, and under section 13(1)(e) of, the Income Tax Act (Cap. 134); and
(b)
an institution of a public character approved by the Minister for the purposes of section 37(2)(c) of the Income Tax Act.